Stocks making the biggest moves in the premarket: Goldman Sachs, Credit Suisse, Nomura & more
- Date: 29-Mar-2021
- Source: CNBC
- Sector:Financial Markets
- Country:Middle East
Stocks making the biggest moves in the premarket: Goldman Sachs, Credit Suisse, Nomura & more
Take a look at some of the biggest movers in the premarket:
Discovery Communications (DISCA), Viacom (VIAC) - Both stocks remain on watch this morning, after significant declines last week. A source with direct knowledge of the situation told CNBC the sell-off was due to forced liquidation of positions held by Archegos Capital Management. Discovery gained 4.4% in premarket trading, while Viacom rose 2.5%.
Goldman Sachs (GS), Credit Suisse (CS), Nomura (NMR) - Goldman told shareholders that any losses it faces from the unwinding of trades by Archipelago Capital Management are likely to be immaterial, according to a person familiar with the matter who spoke to Bloomberg. Credit Suisse said it faced a possible "highly significant and material" hit to its first-quarter results, however, after an unspecified fund had "defaulted on margin calls" to it and other banks. Nomura said it faced a possible $2 billion loss. Goldman fell 3% in premarket trading, Credit Suisse tumbled 11.2% and Nomura plummeted 14.5%.
Fly Leasing (FLY) - The Dublin-based aircraft leasing company agreed to be acquired by Carlyle Group (CG) affiliate Carlyle Aviation Partners for $17.05 per share, compared to Fly Leasing's Friday close of $13.25. Fly Leasing soared 26.6% in premarket action.
Boeing (BA) -